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Gold prices in Egypt remained relatively stable at the start of trading on Wednesday, October 7, 2026, with the price of 18K gold holding at around EGP 5,276 per gram.

The latest price was unchanged from Tuesday’s closing level, as movements in the local gold market remained within a limited range.

18K Gold Remains a Popular Choice

18K gold is among the most commonly purchased gold grades for jewelry in Egypt, particularly because it is less expensive than 21K and 24K gold.

This price difference makes 18K gold a popular option among consumers looking to purchase gold jewelry.

Gold Prices in Egypt Today

The latest reported gold prices in the Egyptian market were:

- 24K gold: EGP 7,035 per gram.
- 21K gold: EGP 6,155 per gram.
- 18K gold: EGP 5,276 per gram.
- 14K gold: EGP 4,103 per gram.
- 22K gold: EGP 6,448 per gram.
- Gold pound: EGP 50,440.

Dollar and Global Gold Prices Influence the Local Market

The price of 18K gold in Egypt is affected by movements in the 21K gold price and international gold ounce prices, as well as changes in the US dollar exchange rate against the Egyptian pound.

Changes in these factors are reflected in local gold prices and can influence the direction of the Egyptian market.

The dollar’s rise to around EGP 52.50 contributed to supporting local gold prices and limited the impact of any potential downward pressure resulting from movements in global gold prices.

Market Eyes Remain on Gold and the Dollar

Market participants are closely monitoring the performance of 18K gold throughout Wednesday’s trading sessions, alongside the movement of 21K gold, which is the most widely traded grade in the Egyptian market.

Investors and consumers are also watching international gold prices and the US dollar exchange rate to assess the potential direction of gold prices during the remainder of the week.